Lucina
Senior Secured Bond
- 12.55%
- 27M
- A-
- 2x
Reasons to invest
Corporate Guarantee Embassy’s unconditional corporate guarantee
Security Cover Mortgage over land and project receivables exceeding ~INR 5,400 Cr (an effective ~3.1x security cover)
Fully Escrow-Protected Debt Servicing 100% project cash flows (totaling to ~INR 5400 Cr) to be routed through a dedicated escrow bank account to be used to service investor interest and principal repayments
Adequate Reserve account Interest Service Reserve Account (ISRA) of INR 2 Cr
Key highlights
2x Security Cover
Every ₹1 you invest is secured by ₹2 of pledged assets as collateral
Senior Secured Bond
You get repaid on priority first from pledged assets if the borrower defaults
Rating
High rated bond with 100% on time repayment track record
Payout Mechanism
- Monthly Interest
- Principal At Maturity
Historic performance on GoldenPi
₹9 Cr
Repaid
4 K+
Investors
100% On Time
Repayments
Company Information
Documents and More
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